PRESS RELEASE

DEER LAKE OIL& GAS INC. ANNOUNCES CHANGE IN PRIVATE PLACEMENT CLOSING DATE

 

April 18, 2008

Deer Lake Oil & Gas Inc. announces that the Closing of its private placement offering announced on March 12, 2008 and previously scheduled for April 4, 2008 has been changed to May 9, 2008 .

 Deer Lake Oil & Gas Inc. is a St. John’s , Newfoundland and Labrador based oil and gas exploration company with its activities concentrated in Western Newfoundland and Labrador . For further information please call 709-579-5050 or Fax 709-726–0584 or  access our website at www.deerlakeoilandgas.com. 

 This press release is made solely for informational purposes and under no circumstances is it to be construed as a public offering of securities.